The big energy sector forged ahead 7.1 percent, supported
by the gain in the price of oil. Crude rose nearly 9 percent as
investors considered the prospect of a further OPEC supply cut
and as stock markets rallied following the Citigroup news.
[ID:nSYD419333]

The financial group advanced 4.68 percent, reversing a loss
earlier in the day brought on by an earnings warning from
Royal Bank of Canada RY.TO. [ID:nN24501121]

That prompted an early drop in RBC shares, as well as its
peers, which was later offset by positive reaction to
Washington's Citigroup move, [ID:nN24499982] with concerns
about weaker Canadian bank earnings being outweighed by relief
that the global financial system might have avoided collapse.

"The news filtering through the system that Citi has
received some aid is a great relief to the entire banking
community," said Michael Sprung, president at Sprung & Co.
Investment Counsel.

"There was certainly severe fear of the effects of what
would happen if Citi were to go down."

Royal Bank, the third Canadian bank to provide a warning in
the past week, gained 6.91 percent to C$39.